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SYMPHONY Consensus Forecast

No. of reports in last year
4
No. of analysts
3
Average Consensus Forecast
1309.5
Consensus Potential
31.69%

SYMPHONY Price Target Potential

BrokerageTargetPotential
ICICIdirect.com840-0.47%
Geojit Financial Services148042.98%
Axis Direct148843.28%

SYMPHONY Targets in FrontPage Forums

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SYMPHONY Ratings

Long term SYMPHONY rating by FrontPage users
4.5/5 (4 Ratings)

4 SYMPHONY share price target reports by brokerages below. See what is analyst's view on SYMPHONY share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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SYMPHONY Share Price Target

SYMPHONY Share Price Target - Broker Reports - 2020

25-Mar-20
Price @ Call: 724.2
Target: 840
BUY
Symphony has maintained balance sheet prudence with stringent control on the working capital cycle. With substantial free cash on the book, we believe the company will navigate through a tough macro environment. We lower revenue and earnings growth to factor in the negative outcome owing to Covid-19. We change our rating on the stock from HOLD to BUY with a revised target price of Rs 840 (21x FY22E EPS).
... Read more
12-Feb-20
Price @ Call: 1318
Target: 1480
ACCUMULATE
We expect earnings to grow at a healthy 25.9% CAGR over FY20-22, supported by launch of new models, improved product mix and continued focus on innovation. We roll forward to FY22E and upgrade our rating to ACCUMULATE on the stock with a revised target price of Rs. 1,480 based on target multiple of 35x P/E on FY22E adj. EPS.
... Read more
11-Feb-20
Price @ Call: 1310
Target: 1430
HOLD
We maintain HOLD rating on the stock with a revised target price of | 1430/share (valuing at 32x FY22E).
... Read more

SYMPHONY Share Price Target - Broker Reports - 2019

29-Nov-19
Price @ Call: 1135.43
Target: 1488
BUY
With continuous innovation and launch of new higher margin products, higher contribution from subsidiaries, we expect the revenues to grow at ~20% CAGR between FY19-21E. However increasing competition may pose a threat to companies pricing power and existing market share, as company plans to focus on growth and profitability. We expect that extended winter may result in tepid demand in Q3 & part of Q4FY20, which will be recouped during late Q4FY20 & Q1FY21 given the volatility in temperatures and strong forthcoming summer season. Thus the company is expected to return to normal growth path. We revise our estimates upwards for FY20E/FY21E with a revised TP of Rs 1,488 (42 x FY21E EPS). Maintain a BUY rating.
... Read more
5-Aug-19
Price @ Call: 1230.71
Target: 1398
BUY
With continuous innovation and launch of new higher margin products, higher contribution from subsidiaries, we expect the revenues to grow at ~17% CAGR between FY19-21E. However increasing competition may pose a threat to companies pricing power and existing market share, as company plans to focus on growth and profitability. While we expect the company to maintain growth momentum, we maintain target of Rs 1,398 valuing Symphony at 42x FY21E EPS of Rs 33.2.
... Read more
2-Aug-19
Price @ Call: 1254.8
Target: 1686
BUY
Symphony’s 1Q performance was a blowout, even beat our aggressive estimates. 1Q performance has proved the naysayers wrong about the relevance of air coolers (in the era of fast growing RAC) and Symphony’s market share loss. Growth visibility for FY20E is high despite slowdown in macros owing to low channel inventory and new launches. We maintain our estimates and value Symphony at 45x Jun- 21 EPS, arriving at a TP of Rs 1,686. Maintain BUY.
... Read more
2-Aug-19
Price @ Call: 1254.8
Target: 1295
HOLD
We model revenue, earnings CAGR of 21%, 7%, respectively, in FY18-21E led by strong volume growth in the domestic business. Despite a strong recovery in Q1FY20, we believe consolidated EBITDA margins in the medium term would be under stress due to rising competition and consolidation of low margin business (consolidated EBITDA margin ~23% vs. standalone EBITDA margin of ~30%). Hence, we maintain HOLD rating on the stock with a revised target price of Rs 1295 (valuing at 38x FY21E).
... Read more
25-Mar-19
Price @ Call: 1317
Target: 1469
BUY

Symphony operates on asset light business model requiring low capital investments; it outsources almost all its production to nine different OEMs thus ensuring that it is not dependent on any one vendor. This asset light strategy enables the management to concentrate on design, development and innovation along with marketing the product thus generating high return on capital employed (RoCE). We have a BUY with a target of Rs. 1,469.
... Read more
28-Feb-19
Price @ Call: 1230
Target: 1680
BUY
Symphony Ltd is well positioned in the air-coolers industry owing to its well established brand with high recall, asset light business model, substantial market share and growth in demand for the product on back of improving affordability. We estimate the company to grow at a CAGR of 17% and earnings at CAGR of 11% over FY18-FY21E (FY19 is expected to show de-growth). When computed over FY19E-FY21E, we estimate the company to post robust growth of 18% CAGR in revenues and 29% CAGR in earnings. We value Symphony Ltd at 45x FY21E to arrive at price target of Rs 1,680 giving an upside of 37%
... Read more

SYMPHONY Share Price Target - Broker Reports - 2018

3-Dec-18
Price @ Call: 1010.41
Target: 1046
HOLD
19-Nov-18
Price @ Call: 997.75
Target: 1059
BUY
31-Oct-18
Price @ Call: 894.28
Target: 1682
BUY
25-Jul-18
Price @ Call: 1181
Target: 1350
BUY
25-Jul-18
Price @ Call: 1392.45
Target: 1605
BUY
25-Jun-18
Price @ Call: 1474.96
Target: 2059
BUY
26-Jun-18
Price @ Call: 1471.15
Target: 1795
BUY
23-May-18
Price @ Call: 1451.45
Target: 1983
BUY
23-May-18
Price @ Call: 1451.45
Target: 1795
BUY
23-May-18
Price @ Call: 1451.45
Target: 1915
BUY
16-Apr-18
Price @ Call: 1859.39
Target: 1475
SELL
4-Apr-18
Price @ Call: 1798.25
Target: 2150
BUY
25-Jan-18
Price @ Call: 1894.51
Target: 2110
BUY
24-Jan-18
Price @ Call: 1965.25
Target: 2100
HOLD

SYMPHONY Share Price Target - Broker Reports - 2017

24-Nov-17
Price @ Call: 1588.07
Target: 1714
BUY
6-Nov-17
Price @ Call: 1570.72
Target: 1650
BUY
1-Nov-17
Price @ Call: 1468
Target: 1789
BUY
23-Oct-17
Price @ Call: 1431
Target: 1702
ACCUMULATE
8-Sep-17
Price @ Call: 1310.15
Target: 1789
BUY
18-Aug-17
Price @ Call: 1248
Target: 1448
BUY
17-Aug-17
Price @ Call: 1233.5
Target: 1418
BUY
11-Aug-17
Price @ Call: 1201.8
Target: 1430
BUY
17-May-17
Price @ Call: 1419
Target: 1653
BUY
17-May-17
Price @ Call: 1453
Target: 1623
BUY
14-Feb-17
Price @ Call: 1293
Target: 1530
BUY

SYMPHONY Share Price Target - Broker Reports - 2016

26-Oct-16
Price @ Call: 1388
Target: 1530
BUY
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  • SYMPHONY Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3858.2
    Upside Target 2854.1
    Upside Target 1851.3
    Pivot847.2
    Downside Target 1844.4
    Downside Target 2840.3
    Downside Target 3837.5
  • SYMPHONY Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3894
    Upside Target 2879.5
    Upside Target 1864
    Pivot849.5
    Downside Target 1834
    Downside Target 2819.5
    Downside Target 3804
  • SYMPHONY Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3983.7
    Upside Target 2951.85
    Upside Target 1898.7
    Pivot866.85
    Downside Target 1813.7
    Downside Target 2781.85
    Downside Target 3728.7
  • SYMPHONY Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3854.1
    Upside Target 2851.46
    Upside Target 1849.84
    Pivot847.2
    Downside Target 1844.56
    Downside Target 2842.94
    Downside Target 3840.3
  • SYMPHONY Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3879.5
    Upside Target 2868.04
    Upside Target 1860.96
    Pivot849.5
    Downside Target 1838.04
    Downside Target 2830.96
    Downside Target 3819.5
  • SYMPHONY Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3951.85
    Upside Target 2919.38
    Upside Target 1899.32
    Pivot866.85
    Downside Target 1834.38
    Downside Target 2814.32
    Downside Target 3781.85
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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